Contact Us
China's Online Payment Users Top 900 Mln: ReportJune 16, 2022
BEIJING, June 15 (Xinhua) — The number of online payment users in China amounted to 904 million at the end of 2021, a report said Wednesday. The figure accounted for 87.6 percent of the country's total netizens and was up by nearly 50 million from a year ago, according to the Payment & Clearing Association of China. China's cashless and cardless trend continues to grow, covering an increasing number of scenarios from ordering food to paying bus fare. Chinese banks handled 102.28 billion such transactions with a combined value of 2,353.96 trillion yuan (about 350 trillion U.S. dollars) last year, 5.32 times and 2.86 times that of 2012, respectively. As competition deepens, the sector's market concentration declined last year, according to the association's deputy secretary-general Wang Suzhen. The top 10 banks in online payment contributed 83.75 percent of the total online payment volume of the association's bank members in 2021, down 7.63 percentage points year on year, and the 10 largest payment institutions saw their share down slightly by 0.48 percentage points to 96.25 percent.
(Source: Xinhua) 32.3KPlease understand that womenofchina.cn,a non-profit, information-communication website, cannot reach every writer before using articles and images. For copyright issues, please contact us by emailing: [email protected]. The articles published and opinions expressed on this website represent the opinions of writers and are not necessarily shared by womenofchina.cn. CommentsMagazinesProjects
Photos
Special Coverage |
Xi Calls for Continuous Efforts in PostChina may overtake Japan in patent filings at EPOComicomment: How the American Dream turned into a nightmare?New completion rules released for China to optimize the business environment5th World Sichuan Cuisine Conference held in SW ChinaGLOBALinkInterview: XiVietnam mulls own territorial line in Tonkin Gulf — Radio Free AsiaChinese giant pandas meet public in Doha's first Panda House ahead of World CupXinhua Headlines: Join Hands for High